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Press Releases

Parascript Launches Wireless Application Division

BOULDER,
Colo., June 19, 2001 - Expanding its product and service offerings
into the fast-growing mobile and wireless Internet markets, Parascript,
LLC, has launched a new division whose focus is developing and marketing
advanced digital ink and communications technologies, products and
services for mobile wireless devices and other pen computers.

The new division, called Pen&Internet™, is headquartered in
Sunnyvale, Calif. with R&D facilities on-site and at company offices
in Moscow, Russia. Pen&Internet has a nucleus of 10 employees with 50
years combined experience in the digital ink marketplace. The General
Manager of the division is Dr. Leonid Kitainik, one of the foremost
authorities in the field of Electronic Ink and Natural Pen Interface
technologies. Dr. Kitainik has extensive experience in research and
development and with high technology businesses in the areas of fuzzy
sets, virtual reality and natural human interface technologies,
applications and products.

At PC Expo 2001 (Microsoft Partner Pavilion, Mobile Solutions section), Pen&Internet
will unveil an early version of its first product, riteMail™, an
easy-to-use software program that allows consumers, mobile professionals,
traveling businessmen and other users to transmit handwritten messages via
e-mail to and from PDAs, laptops, wireless feature phones, tablet PC
devices and electronic whiteboards or between a mobile device and a
desktop. riteMail is a
sophisticated and feature rich mobile, multi-platform, interactive
program. It includes a prototype of riteShape™, an automatic
shape smoothing technology that accurately recognizes and automatically
enhances hand drawn diagrams and drawings. riteShape technology
will also be demonstrated at PC Expo.

"We created Pen&Internet to build upon our expertise and
marketplace success in the handwriting recognition technology
market," said Jeff Gilb, president and CEO of Parascript. "Dr.
Kitainik and his team are working to turn digital ink into a pervasive
communications medium that allows people to write in a more natural
fashion. We're confident in their ability to have a serious impact in the
explosive mobile wireless communications market."

riteMail
allows users to employ their natural and personalized handwriting with
high quality digital ink for seamless input and editing of information on
any pen-enabled communication device and its exchange between wired or
wireless devices.

"riteMail is our division's first step in making handwritten
data, notes and drawings as vital for the electronic culture as their
legacy siblings are for the human civilization," said Dr. Leonid
Kitainik, general manager of Pen&Internet. "Led by
Alex Pashintsev, Pen&Internet's engineering team has a track
record of developing some of the most successful natural pen interface
products and technologies. Doing business with over one million end users,
we learned what works - and what doesn't - in the pen market. This will
allow us to accelerate the delivery of products that people really
need."

The first version of riteMail works on any Java-enabled platform
and on Pocket PC devices. Users can join the riteMail service and
download the software, still undergoing beta testing, at www.ritemail.net.
Early feedback, as posted on the riteMail website, is extremely
positive:

"This is exactly the sort of technology that kids can use! Even
better, babies and toddlers can utilize programs like this to send special
e-mails to grandparents and other family. I love it!"
- Tina Kells, Internet for Kids Guide, About.com - The Human
Internet

"I think this is really a good idea. Lot of people loves handwriting
and tools like this will be always welcome."
- Javier Diaz Kuwilsky

"I'm really excited about the opportunity to send handwritten emails.
I am eagerly awaiting the PocketPC version, it is an ideal way to compose
e-mails on the pen-based screen and send them through the wirelees links.
On this platform it has all the marks of a killer app."
- Robin Elliot Mudge

"Fantastic idea and product!"
- Robert Edward De Vries

About
Parascript, LLC

Parascript's
Total Recognition technology converts paper-based information on forms and
checks into computer-useable data. It's the only complete technology that
recognizes all character types - cursive, handprint and machine print - on
all forms, reducing data entry expenses for organizations that use forms
to capture information. With Total Recognition technology, companies can
turn handwritten and print data, including legacy data, into electronic
information that can be used to power web-based offerings and other
marketing initiatives. Total Recognition technology is available as
software development kits, through Total Recognition Services,
Parascript's Internet delivery model, through onsite custom solutions, and
through Parascript's partners. Parascript's new Pen&Internet division
is a developer and marketer of advanced digital ink and communications
technologies, products and services for mobile wireless devices and other
pen computers.